Property for Sale: 1256 S Independence, Chicago, IL 60623

$1,850,000
$1,850,000
1256 S Independence, Chicago, IL 60623
$1,850,000
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Price:
$1,850,000

Type Commercial
Year Built 1909

City Chicago
County Cook

MLS 12284241
Status Active
CASH ONLY. SOLD AS-IS, with Violations. Work for the violations has largely been completed but city hasn't signed off on work. This is a fantastic opportunity to acquire a partially gut-rehabbed building located on Independence Boulevard right in the up-and-coming neighborhood of North Lawndale. This 18-unit building offers a great unit mix of 2,3 and 4-bedroom units. All units are individually metered and offer very spacious layouts. The building has 12 units of 2BR/1BA, 3 units of 3BR/1BA and 3 units of 4BR/1BA. The basement has a coin laundry room with 3 washers and 3 dryers. Security cameras have been installed around the building. 10 units have been upgraded in the last year. Each unit has its own gas meter, water heater, and electric meter. For investors looking for a value add, there is space to add 6 more garden units. The current monthly rent roll is $20,897 with 92% occupancy.

Lot & Building Features

Tax Year 2022
Lot Dimensions 56X158 ft

Price History of 1256 Independence, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $1,850,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Natalie Williams
Direct: 773-213-9693
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Main Street Real Estate Group, Lawrence Dunning
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1256 Independence (MLS #12284241) is a commercial listing located in Chicago, IL. This property was listed on 02/05/2025 and has been priced for sale at $1,850,000.

Nearby zip codes are 60608, 60612, 60624, 60632 and 60644. This property neighbors other cities such as Cicero.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Main Street Real Estate Group